GAM International Management Limited

Item 5 Fees and Compensation

The fees for GLL’s services are typically based on a percentage of the client’s net assets under management.
Different fee structures may be negotiated under certain circumstances. In some cases, performance fees may
be charged in accordance with Rule 205-3 under the Advisers Act. Generally, GLL’s fees will be payable
monthly or quarterly in arrears.

The basic fee schedule for GAM Funds is typically 1 to 1.5% of average daily net assets under management
(depending on type of investments and fund) and the exact rate is disclosed in the governing materials for the
relevant fund. Fees are exclusive of all investment costs, including brokerage commissions, transaction fees,
custodian fees and other fees and taxes on brokerage accounts and securities transactions. Investments in
GAM Funds will also be subject to the investment and operating expenses incurred by those funds, which may
include management fees, administrative fees, directors fees, and legal, tax and audit fees and expenses as
set out in the relevant fund governing materials. Investors considering investing in a particular fund should
request and review the governing materials for the relevant fund for more detailed information about the fees
and expenses to be incurred by the fund.

GLL, an affiliate, or a GAM Fund managed, advised or sponsored by GLL or an affiliate, may enter into side
agreements with specific investors in a GAM Fund providing for different fees, withdrawal rights, access to
information about the GAM Fund’s investments, or other matters relating to an investment in the GAM Fund.
Appropriate disclosure will be made to other clients and GAM Fund investors of any terms of any such side
letter that could potentially impact other clients or investors in a GAM Fund. Certain investors, including “seed”

GAM London Limited
Part 2A of Form ADV – Disclosure Brochure
March 31, 2026

investors and persons associated or formerly associated with GLL or an affiliate (and members of their families),
as well as certain friends of such persons, may receive preferential fee arrangements.

The fees for institutional separate accounts are negotiated and vary based upon a variety of factors, including
the type of client, investment amount, the circumstances of the client, anticipated levels of servicing, or as
otherwise agreed with a specific client. The specific manner in which fees are charged for a managed account
is established in a written agreement between the client and GLL. In addition to being subject to the fees
charged by GLL, the portion of each client account that is invested in a fund will also bear a proportionate share
of the advisory fees and other expenses of that fund.

Item 12 describes the factors that GLL considers in selecting or recommending broker-dealers to execute client
transactions.

Item 7 Types of Clients

As noted above, GLL provides investment advisory/management services to a range of pooled investment
vehicles, including GAM Funds (including European regulated commingled funds referred to as “UCITS” and
open-end investment fund structures referred to as “SICAVs”), corporate and public pension plans, trusts,
estates, charitable organizations, foundations, endowments, corporations and other business entities.

In general, U.S. investors in GAM Funds must qualify as both “accredited investors” as defined in Regulation D
under the Securities Act and “qualified purchasers” as defined in Section 2(a)(51) under the Investment
Company Act and they must meet other applicable suitability requirements. Generally, investors must invest a
minimum dollar amount (which may be waived, modified or negotiated at the sole discretion of GLL and / or the
applicable GAM Fund).